Aloha from Kapalua!
I hope this finds you well and enjoying the beginning of the fall season.
In real estate news, we've the high end of the market here in Kapalua has continued to do well, with new pending sales and closings at such developments as the Coconut Grove and Pineapple Hill. Activity increased this past month, with several new pending sales and recorded sales across the resort. Inventory has been increasing slightly at the Bay, Ridge, and Golf Villas, and there are some good values at each property. If you are considering a home, don't miss 228 Crestview, in Pineapple Hill. This new home has incredible ocean views and a beautifully appointed interior. For those interested in a homesite, 707 Mokuleia is perched at the top of Plantation Estates II, with outstanding panoramic ocean and island views. Both listings are profiled below in the featured listings section of this email.
As you may know, the $128 million renovation at the Ritz Carlton Hotel-Kapalua has begun, in preparation for the offering of 107 one and two bedroom luxury condominium suites. The sales event is tentatively scheduled for early January 2008. If you are not already receiving updates on this project, please let me know if you'd like to be added to the developer interest list.
The upcoming Central Resort development design is well underway. Initial plans call for the transformation of the vacant parcel at the entrance to Pineapple Hill, the old Pineapple Hill restaurant site, and the resort's maintenance and executive offices to a neighborhood village with residential areas, parks, and a variety of specialty shops and restaurants. The site is approximately 40 acres, and will feature condominium residences, walking trails and open space. If you have not done so already, please contact me to register your interest.
In resort news, the Kapalua Resort has opened both the Village Walking Trail and the Maunalei Arboretum Trail to the public. To access the Village Walking Trails on your next visit, please stop by the Kapalua Logo Shop in the old Village Clubhouse building.
As always, a market summary and information on Kapalua is transmitted below. News on new developments follows at the end. Please don't hesitate to contact me with any questions.
Aloha,
Courtney
 
KAPALUA RESORT MARKET UPDATE
Note: Maps of condos and lots with parcel numbers are available online at www.kapaluarealty.com
 
CONDOMINIUMS:
 
BAY VILLAS
MLS # Status Unit List Price Beds Baths Liv A SF Days On Market
325737 ACTIVE 15G4 $997,500 1 1.00 1006 61
321593 ACTIVE 12-B4 $1,099,000 1 1.00 1006 283
325614 ACTIVE 37G1 $1,295,000 1 2.00 1400 68
326433 ACTIVE 29G4 $1,300,000 1 1.00 1006 23
312429 ACTIVE 20G4 $1,395,000 1 1.00 1006 815
323702 ACTIVE 16G2 $1,399,000 1 1.00 989 175
324192 ACTIVE 19G-4 $1,399,000 1 1.00 989 145
317987 ACTIVE 34B4 $1,425,000 1 1.00 1006 513
322345 ACTIVE 34G4 $1,595,000 1 1.00 1006 247
325663 ACTIVE 19G5 $1,595,000 1 1.50 1118 67
321390 ACTIVE 21G5 $1,695,000 1 2.00 993 292
315932 ACTIVE 36B3 $1,725,000 1 2.00 1229 620
324682 ACTIVE 33B3,4 $1,999,995 2 3.00 1750 120
321319 ACTIVE 24B1,2 $2,195,000 2 3.00 1447 297
323781 ACTIVE 17B1,2 $2,195,000 2 3.00 1447 173
325038 ACTIVE 16B2-4 $2,290,000 2 2.50 1529 102
325999 ACTIVE 15G123 $2,625,000 2 3.00 1529 47
315931 ACTIVE 30G3-5 $2,650,000 2 3.00 1529 620
325033 ACTIVE 28B2 $2,650,000 2 3.00 1447 103
325733 ACTIVE 35G3,4,5 $2,700,000 2 3.00 1529 61
323125 PENDING - CONT. TO SHOW 32G4 $960,000 1 1.00 1006 207
325580 PENDING - CONT. TO SHOW 36B1,2 $2,450,000 2 3.00 1547 72
 
COCONUT GROVE
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
323222 PENDING--WITH RELEASE CLAUSE 11 $3,800,000 3 3.50 2280 202
323873 PENDING - CONT. TO SHOW 18 $5,400,000 3 3.50 2638 167
326734 SOLD 35 $4,500,000 $4,500,000 9/18/2007 3 3.00 2312 0
*Note: 35 was sold prior to listing
 
GOLF VILLAS
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
326756 ACTIVE 20T1/2 $729,000 1 2.00 972 4
324080 ACTIVE 11T6-7 $775,000 1 2.00 972 157
325037 ACTIVE 16V3 $775,000 1 1.50 899 103
322416 ACTIVE 21T5-6 $849,000 1 2.00 972 243
321922 ACTIVE 12T2 $855,000 1 1.50 987 265
324557 ACTIVE 16V-1 $870,000 1 1.50 899 125
320974 ACTIVE 15T3,4 $875,000 1 2.00 972 314
323703 ACTIVE 16P-1,2 $925,000 2 2.00 1344 175
324372 ACTIVE 19P1,2 $995,000 2 2.00 1344 137
326218 ACTIVE 16P3,4 $1,000,000 2 2.00 1344 33
326254 ACTIVE 25P 3-4 $1,050,000 2 2.00 1344 33
323025 ACTIVE 18P3-4 $1,098,000 2 2.00 1407 214
324755 ACTIVE 14P5,6 $1,100,000 2 2.00 1344 114
324378 ACTIVE 17 P5,6 $1,150,000 2 2.00 1432 136
322943 ACTIVE 26P1,2 $1,175,000 2 2.00 1344 218
326263 ACTIVE 14P1-2 $1,250,000 2 2.00 1344 32
321999 ACTIVE 27P7,8 $1,348,000 2 2.00 1344 262
321768 ACTIVE 27P1&2 $1,495,000 2 2.00 1344 275
321415 ACTIVE 18P5,6 $1,562,000 2 2.00 1344 291
323188 PENDING - CONT. TO SHOW 12T5,6 $700,000 1 2.00 972 204
323397 PENDING - CONT. TO SHOW 20P3,4 $1,498,000 2 2.00 1419 192
324307 SOLD 27V3 $729,000 $695,000 8/28/2007 1 1.50 899 113
 
IRONWOODS
MLS # Status Unit List Price Beds Baths Liv A SF Days On Market
322140 ACTIVE 83 $3,250,000 2 3.00 2482 257
312950 ACTIVE 24 $3,650,000 2 3.00 2102 781
 
RESIDENCES AT KAPALUA BAY
This is just a sample from the developer of available Residences. Please email me for a complete list of available properties.
MLS # Status Unit List Price Beds Baths Liv A SF Days On Market
319899 ACTIVE 5102 $4,275,000 3 3.50 3002 394
322886 ACTIVE 1403 $7,100,000 3 3.50 3125 220
319902 ACTIVE 2401 $9,335,000 4 4.50 4271 394
319901 PENDING - CONT. TO SHOW 1303 $6,245,000 3 3.50 3125 365
 
RIDGE VILLAS
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
323506 ACTIVE
1924
50% Interest
 $575,000 1 2.00 1125 185
325972 ACTIVE 2311 $995,000 1 2.00 1162 49
326113 ACTIVE 2512 $1,125,000 1 2.00 1125 41
323558 ACTIVE 2122 $1,145,000 1 2.00 1150 184
326474 ACTIVE 715 $1,195,000 1 2.00 1162 19
326708 ACTIVE 622 $1,250,000 1 2.00 1150 7
320566 ACTIVE 411 $1,250,000 1 2.00 1125 346
322000 ACTIVE 1823-24 $1,588,000 2 3.00 1756 262
323640 ACTIVE 1513-15 $1,850,000 2 3.00 1778 181
322850 ACTIVE 2613-15 $2,100,000 2 3.00 1778 223
326459 ACTIVE 623-24 $2,150,000 3 3.00 1922 20
323369 SOLD 622 $1,175,000 $999,999 8/30/2007 1 2.00 1150 170
 
KAPALUA RESORT HOMES:
 
KAPALUA PLACE
No Active Listings
 
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
MLS # Status Address List Price Sold Price Closing Date Bds Bths Liv A SF Land Acres Days On Market Par
321812 ACT 804 JACARANDA WAY $2,595,000 3 2.00 2348 0.2537 270 33
324672 ACT 406 MONARCH PLACE $2,895,000 3 3.00 2794 0.2820 120 12
319927 ACT 104 WOODROSE PL $2,995,000 4 3.50 3350 0.2329 391 97
322607 ACT 108 Woodrose Place $3,200,000 5 4.50 4145 0.2736 234 095
321575 ACT 228 Crestview Road $4,550,000 4 4.50 3939 0.4695 284 14
326777 ACT 106 Pulelehua Street $5,600,000 4 5.00 4500 0.4703 3 6
326639 ACT 108 Pulelehua Street $6,850,000 4 4.50 4486 0.5825 11 5
320776 ACT 112 Pulelehua Street $7,900,000 2 2.50 4504 0.4700 328 3
318510 PNDS 328 Cook Pine Drive $4,250,000 4 4.50 3620 0.2874 479 84
320512 SLD 204 CRESTVIEW ROAD $3,995,000 $3,600,000 9/10/2007 3 3.50 3078 0.2536 336 3
326797 SLD 1012 Sunset Place $4,750,000 $4,150,000 9/21/2007 4 4.50 4166 0.3461 0 42
 
PLANTATION ESTATES
MLS # Status Address List Price Bds Bths Liv A SF Land Acres Days On Market Par
326239 ACT 700 Mokuleia $5,695,000 3 4.50 3198 2.3000 34 56
314184 ACT 223 PLANTATION CLUB DRIVE $7,995,000 3 3.50 5366 2.1800 712 14
326389 ACT 231 Plantation Club Drive $12,800,000 8 8.00 12114 7.2500 25 25
 
KAPALUA RESORT VACANT LAND:
 
KAPALUA PLACE
No Active Listings
 
PINEAPPLE HILL AND PINEAPPLE HILL ESTATES
MLS # Status Address List Price Land Acres Days On Market Par
324974 ACTIVE 216 Crestview Rd. $1,550,000 0.281656 107 9
320822 ACTIVE 100 Pulelehua Street $1,899,000 0.559900 326 9
 
PLANTATION ESTATES I & II
MLS # Status Address List Price Land Acres Days On Market Par
325796 ACTIVE 221 Plantation Club Drive. Lot 13 $1,675,000 2.340000 58 13
324225 ACTIVE 104 Honolua Place $1,750,000 2.175000 143 003
324648 ACTIVE 707 Mokuleia $2,175,000 2.040000 120 63
322017 ACTIVE 219 Plantation Club Drive $2,180,000 2.010000 262 12
324544 ACTIVE 600 Honokohau Street $2,295,000 2.340000 125 54
318483 ACTIVE 305 Plantation Estates Drive $2,950,000 2.010000 481 34
312665 PENDING - CONT. TO SHOW 706 Mokuleia Place $2,395,000 2.120000 777 59
 
HONOLUA RIDGE PHASE I and II
Please email me for more information on developer sales of Honolua Ridge Phase II
MLS # Status Address List Price Sold Price Closing Date Land Acres Days On Market Par
325804 ACTIVE Lot 13 Honolua Ridge, phase I $1,965,000 6.690000 59 13
323674 ACTIVE Lot 12 Honolua Ridge II $1,975,000 3.840000 179 12
317027 ACTIVE lot 22 Honolua Ridge $2,195,000 15.000000 564 22
321807 ACTIVE Lot 15 Honolua Ridge I $2,200,000 4.337000 270 41
322831 ACTIVE Lot 18 Honolua Ridge Phase I $2,295,000 5.700000 222 41
323902 ACTIVE Lot 11 Honolua Ridge Phase I $2,469,000 15.386000 164 D
326611 ACTIVE 107 Ke'oawa Place $2,495,000 4.504000 13 6
326058 ACTIVE Lot 7 Honolua Ridge II $3,300,000 6.090000 45 7
316411 ACTIVE Lot 24 Honolua Ridge II $5,500,000 25.400000 599 tbd
316410 ACTIVE Lot 23 Honolua Ridge II $6,000,000 25.000000 599 tbd
323904 SOLD Lot 8 Honolua Ridge Phase I $1,597,000 $1,360,000 9/21/2007 4.283000 162 8
Maps and photos of the development can be found online at www.kapaluarealty.com
 
OTHER AREAS OF WEST MAUI (OUTSIDE OF THE KAPALUA RESORT):
 
OCEANFRONT HOMES:
MLS # Status Address List Price Sold Price Closing Date Bds Bths Liv A SF Land Acres Days On Market
315539 ACT 1429 Front Street $3,900,000 2 2.00 1200 0.2039 641
325533 ACT 4591 N Lower Honoapiilani Road $5,250,000 6 4.50 4221 0.2500 74
323392 ACT 4025 Lower Honoapiilani Road $8,495,000 3 1.00 816 0.8560 192
319935 ACT 20 Hui E Road $8,950,000 5 5.50 5273 0.4753 391
322056 ACT 1189 HALEPAKA PLACE $9,650,000 4 4.50 2814 0.3444 261
324103 ACT 1181 HALEPAKA STREET $9,875,000 4 4.50 2380 0.2490 151
312915 ACT 4851 LOWER HONOAPIILANI ROAD $9,900,000 5 4.50 6400 0.5849 864
322350 ACT 49 HALE MALIA PLACE $10,900,000 4 4.50 4435 0.2400 247
326284 ACT 6291 Honoapiilani Highway $14,000,000 4 4.50 4351 3.4500 31
323918 ACT 40 KAI ALA PLACE $18,600,000 4 5.50 5348 0.9580 164
324931 ACT 4695 Lower Honoapliilani Rd $23,000,000 12 7.00 7838 2.3480 114
325386 ACT 20 Kai Ala Drive $23,800,000 8 9.50 11076 0.9770 84
325247 SLD 30 HUI ROAD E $15,900,000 $12,500,000 8/31/2007 5 5.50 6257 0.3870 70
 
OCEANFRONT LOTS
MLS # Status Address List Price Land Acres Days On Market Par
321778 ACTIVE Lot 4 C Olowalu $5,800,000 2.000000 274 6
326556 ACTIVE 10 Kai Ala Place $8,500,000 1.160000 16 1
321912 ACTIVE 30 KAI ALA PLACE $10,500,000 0.878000 267 12
 
CONDOMINIUMS
Whaler at Kaanapali Beach
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market LT
323665 ACTIVE 418 $595,500 0 1.00 542 177 Fee Simple
320543 ACTIVE 165 $640,000 0 1.00 542 347 Fee Simple
318552 ACTIVE 319 $900,000 1 1.00 901 478 Leasehold-FA
325335 ACTIVE 720 $995,000 1 1.00 901 88 Fee Simple
312479 ACTIVE 515 $1,100,000 0 1.00 523 809 Fee Simple
323064 ACTIVE 624 $1,195,000 1 2.00 905 209 Fee Simple
325702 ACTIVE 770 $1,275,000 1 2.00 905 64 Fee Simple
324070 ACTIVE 470 $1,425,000 1 2.00 905 153 Fee Simple
324298 ACTIVE 657 $1,550,000 1 2.00 905 139 Fee Simple
323742 ACTIVE 456 $1,795,000 1 1.00 901 174 Fee Simple
326351 ACTIVE 301 $2,100,000 1 2.00 941 26 Fee Simple
325703 ACTIVE 451 $2,150,000 1 2.00 941 64 Fee Simple
326718 ACTIVE 821/823 $3,147,000 2 2.00 1444 5 Fee Simple
321126 ACTIVE 1221/23 $3,495,000 2 2.00 1444 307 Fee Simple
322947 SOLD 557 $1,080,000 $1,000,000 9/21/2007 1 2.00 905 252 Fee Simple
 
MASTERS at KAANAPALI HILLSIDE
MLS # Status Unit List Price Sold Price Closing Date Beds Baths Liv A SF Days On Market
322754 ACTIVE 3304 $799,000 2 2.50 1850 227
322071 ACTIVE 1703 $800,000 1 1.50 901 260
325531 ACTIVE 2003 $825,000 1 1.50 901 73
320805 ACTIVE 3703 $975,000 1 1.00 923 327
320209 ACTIVE 3902 $985,000 2 2.00 1269 370
326070 ACTIVE 1503 $1,025,000 2 2.00 1544 41
320391 ACTIVE 1603 $1,070,000 2 2.00 1512 359
326021 ACTIVE 905 $1,200,000 2 2.00 1544 45
325437 ACTIVE 3801 $1,250,000 2 2.00 1451 81
326022 ACTIVE 1504 $1,325,000 2 2.00 1544 45
321619 ACTIVE 2905 $1,436,000 2 2.00 1512 282
324375 ACTIVE 3001 $1,799,000 2 2.00 1544 137
322019 PENDING - CONT. TO SHOW 906 $1,165,000 2 2.00 1544 263
324465 PENDING - DO NOT SHOW 2006 $847,000 1 1.50 901 131
323410 PENDING - DO NOT SHOW 3404 $1,795,000 2 2.50 1850 192
323981 SOLD 1001 $1,250,000 $1,200,000 8/16/2007 2 2.00 1516 121
323367 SOLD 206 $1,150,000 $980,000 9/5/2007 2 2.00 1544 176
 
NEW DEVELOPMENT:
Village at Kapalua:
Conceptual plans for the Village at Kapalua are underway, finally turning the vision of a village center into reality. At the top of the property where the plantation manager's home once stood (Pineapple Hill Restaurant), will be the Manor House at Maka'oi'oi. This plantation style home will provide meeting rooms, a library, pool complex, and areas for social gatherings. The upper floors will be gracefully appointed condominium homes. Adjacent buildings will provide approximately 47 one, two and three bedroom condominiums. Below Simpson Way, across from the Golf Academy, is a series of planned neighborhoods with a variety of condominium styles, featuring approximately 8 luxury two to three bedroom condominiums and a limited number of townhomes overlooking hole #2 of the Bay Course. Plans include expansion of the town center, just above the Honolua Store, with a variety of small specialty shops, boutiques, and cafes. For more information or to register your interest, please don't hesitate to contact me.
 
KAANAPALI:
Honua Kai recently released their second phase with floorplans ranging from studio to three bedrooms, and there are still a few units available. It was recently announced that the very popular "Duke's" restaurant will be located in the resort. www.honuakai.com
The Villas at Royal Lahaina is a new project at a fantastic beach, Kekaa, the other side of Kaanapali's famous black rock. Plans are to replace the existing beach cottages with low rise, cottage style condominiums. The hotel will remain along with a new pool and tennis courts. www.royallahainavillas.com
 
Makena/Wailea:
In Makena, the new development "Maluaka" is an 11 acre site with 69 residences planned, separated from the shoreline by the Makena South Golf Course. Residences (2-4 story buildings) and Bungalows will range from 3000-6000 square feet. Pricing is in rage with the Residences at Kapalua Bay (4-11 million, with the majority in the 5-6,000,000 range). A club and concierge are part of the plans. For more information and availability, visit www.maluaka.com If a particular unit is of interest, please let me know and I will request the pricing from the developer.
There is also new development in Wailea, with the Baccarat Wailea Beach Resort replacing the Renaissance. This new development will consist of 193 1-4 bedroom condominium residences with pools, restaurants, spa. Over $300 million in real estate was sold in the first sales event. www.baccaratwailea.com There are still units available. Please contact me with any questions.
 
FEATURED LISTINGS:
228 Crestview Drive, Kapalua
New Lower Price!
This elegant home opens to a beautifully landscaped backyard with a pool and spa. Enjoy sunsets and sweeping ocean views. Luxuriously constructed with tropical touches, this 4B/4.5B estate home features Brazilian cherry floors, mahogany cabinetry, bamboo and mahogany inlaid ceilings, stonework including marble, granite, and travertine, a media, and a gourmet kitchen.
Lani Kai Penthouse, The Whaler on Kaanapali Beach 1221/23, Kaanapali
Reduced!
The beautifully constructed and decorated Lani Kai Penthouse residence was renovated in 2006. Featuring two bedroom suites and a family room which opens to the private lanai boasting views of Kaanapali Beach, the West Maui Mountains, and the neighbor island of Lanai, make this arguably the best unit in the complex. The luxurious renovation includes extensive use of imported Italian marble and granite countertops, travertine floors, coffered ceilings, crown molding, and top of the line appliances and electronics. Professionally decorated with Hawaiian and Eastern influenced antiques, silk drapes and fine art. A must see for the discriminating buyer. Seller is licensed in California.
Plantation Estates II, Lot 10, Kapalua
This is currently the lowest priced lot in the Plantation Estates II! Enjoy sweeping views of Molokai, Lanai, the Kapalua Resort, and the famed Plantation Course from this spectacular location. Located behind the gate in Plantation Estates II, this 2.04 acre parcel is positioned to take advantage of Maui's amazing sunsets. Amenities in the 23,000 acre Kapalua Resort include championship golf courses, world class beaches, tennis and fine dining. Owners may join the Kapalua Club, which provides social benefits. Don't miss this wonderful opportunity!
92 Oleander, Kahana
If you have been looking for a second home in Kapalua, but find it out of your desired price range, consider this fantastic Kahana Ridge home. This three bedroom, three bathroom, and two half bathroom home features two master suites, two spacious living rooms, and incredible ocean views from the spacious wrap around lanai. High quality finishes such as Brazilian hardwood floors, travertine, granite coupled with the spacious interiors make this a must see!
All information is taken from the Maui Multiple Listing Service, and is deemed accurate, but is subject to change and should not be relied upon without verification. Please note that listings in the MLS represent many different broker's listings and sales, and are not just those of Kapalua Realty. At times, those noted in the pending or sold categories may have never been active in MLS, but rather put immediately in the pending/sold. All listings are fee simple unless designated leasehold. This communication is being sent because you have indicated an interest in receiving information on the Kapalua resort and the real estate market here. This message is being sent to you because you are an existing client or have requested to be placed on the email update list.
If this email is being sent in error, or you no longer wish to receive this update, please send an email to that effect to: cbmaui@aol.com
Mahalo for your interest in the Kapalua Resort.
Courtney M. Brown, R (S)
Kapalua Realty
700 Office Road
Lahaina, HI 96761
808-250-0210 Cell
808-665-3794 Direct
808-665-5454 Office
800-545-8439 Toll Free
808-665-3790 Fax